EUR USD Technical Analysis 23 July 2020
EUR USD Technical Analysis: The EUR rose 0.37% against the USD on Wednesday and closed at 1.1568. Today in the Asian session, while EUR USD technical Analysis 23 July 2020 is preparing at 5:15 GMT, the pair is trading at 1.1588, which is 0.17% higher from yesterday’s closed.
The pair is expected to find support at 1.1510 and a fall through could take it to the next support level of 1.1565. The pair is expected to find its first resistance at 1.1600, and a rise through could take it to the next resistance level of 1.1655. Today’s expected trading range is between 1.1425 support and 1.1700 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.1510
Support 2: 1.1565
Support 3: 1.1425
Important Important resistance levels:
Resistance 1: 1.1600
Resistance 2: 1.1655
Resistance 3: 1.1700
EUR/USD buying opportunity for intraday trading on July 23, 2020
Buy near the support zones 1.1510 and 1.1565 as soon as you get a reversal candlestick pattern, using a stop loss 2 points below the low of the reversal candle, and keep the target equal to the stop loss.
EUR/USD selling opportunity for intraday trading on July 23, 2020
Sell near the resistance zones 1.1600 and 1.1655 as soon as you get a reversal candlestick pattern, using a stop loss 2 points above the high of the reversal candle, and keep the target equal to the stop loss.
Economic events to watch for the next 24 hours: ECB Vice President de Guindos Speech (EUR), BoE MPC Member Haskel Speech (GBP), Initial Jobless Claims.